Lender KfW is to be reimbursed by the German government more than €600 million ($629 million) of Northvolt debt
TECHNOLOGY POWERING BUSINESS
News Enterprise
Intel Says $7.86bn Grant From US Will Restrict Foundry Spin-off
Chip giant's plan for Intel Foundry to be spun off as independent subsidiary will be restricted after US government grant
OpenAI Allows Staff To Sell $1.5 Billion Stock To SoftBank – Report
SoftBank is to acquire more OpenAI shares, after the AI startup allows staff to sell their shares to Japanese tech giant
UK’s FCA Confirms Plan For Crypto Regulation By 2026
British financial regulator outlines roadmap and timelines to implement regulatory oversight for 'high risk' crypto
Biden Administration To Loan Rivian $6.6 Billion For EV Factory
Consequence for Elon Musk? Biden administration provisionally agrees $6.6 billion loan to Rivian, so it can construct EV factory in Georgia
Just Eat To Delist From London Stock Exchange
Another blow for UK's ambition to attract tech firms to its stock market, after Just Eat Takeaway requests LSE delisting
Amazon To Pump Another $4bn Into AI Start-Up Anthropic
Amazon to invest a further $4bn into AI start-up Anthropic, doubling its investment as it vies against stiff competition
Northvolt Files For Bankruptcy Protection In US
Northvolt files for Chapter 11 bankruptcy protection in the United States, and CEO and co-founder Peter Carlsson steps down
UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report
Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector
Bitcoin Rises Above $96,000 Amid Trump Optimism
Bitcoin price rises towards $100,000, amid investor optimism of friendlier US regulatory landscape under Donald Trump
FTX Co-Founder Gary Wang Spared Prison
Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during sentencing hearing
Northvolt Appoints Restructuring Expert For Main Battery Plant
Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries
CMA Halts Google Anthropic Investigation
British competition watchdog decides Alphabet's partnership with AI startup Anthropic does not qualify for investigation
Perplexity Adds Shopping Features To AI Search
Perplexity adds shopping features to generative AI-powered search as it faces more direct competition from OpenAI's ChatGPT
Trump Social Media Company In Talks To Buy Crypto Firm Bakkt
Donald Trump social media company in advanced talks to buy Bakkt, a crypto trading platform owned by NYSE parent, FT reports
Battery Maker Northvolt Misses Production Targets
Northvolt has reportedly missed internal EV battery production targets since September, reduces production at main plant
SpaceX Prepares Tender Offer At $250bn Valuation
SpaceX to begin tender offer in December valuing company at $210bn, as Elon Musk's xAI raises $5bn at $45bn valuation
Northvolt Mulls US Bankruptcy Protection – Report
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option
Programmer Sentenced To Five Years In Prison For Bitcoin Laundering
Ilya Lichtenstein sentenced to five years in prison for hacking into a virtual currency exchange Bitfinex and stealing 119,000 Bitcoin
VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion
Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion, depending on certain milestones
Meta Must Face Antitrust Trial Over Instagram, WhatsApp Purchases
Legal issues continue for Meta, after US judge rules it must face trial over FTC's antitrust concerns about Instagram, WhatsApp
Bitcoin Surges To Above $93,000 For First Time
Bitcoin price reaches new record, amid hope that incoming Trump administration will implement crypto-friendly policies
Nvidia Market Value Surges Above $3.6tn
Investor optimism following Donald Trump re-election win pushes Nvidia to record high, adds 30 percent to Tesla stock price
Amazon Mulls New Multi-Billion Dollar Investment In Anthropic – Report
Amazon is reportedly in talks to pump billions of dollars more into AI start-up Anthropic, but with one condition
FTX’s Caroline Ellison Begins Her Two Year Prison Sentence
Star witness for the US prosecution of FTX founder Sam Bankman-Fried, has begun her two year prison sentence this week
Donald Trump Election Victory, And Implications For Tech Sector
Victory of Donald Trump in the US Presidential election and the potential implications for the tech industry
UK Orders Chinese Entity To Sell Stake In Scottish Chip Firm FTDI
Chinese owner of Scottish fabless semiconductor firm FTDI ordered to sell majority stake, due to national security risks
Watchdog Says Vodafone, Three Merger Could Proceed With Certain Remedies
British competition regulator provisionally finds Vodafone, CMA merger can proceed, if 'remedies' on pricing and 5G rollout are made
James Dyson Says ‘Spiteful’ Budget Will Kill Start-Ups
James Dyson delivers most high-profile criticism so far of Labour's first Budget that raises £40bn in taxes, largely from businesses
Nvidia To Replace Intel On Dow Jones Industrial Average
Nvidia to replace Intel this week on Dow Jones Industrial Average after years of turmoil and missing out on the AI boom